TD Private Client Wealth LLC Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

TD Private Client Wealth LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 5,354 shares of the basic materials company’s stock after selling 142 shares during the quarter. TD Private Client Wealth LLC’s holdings in DuPont de Nemours were worth $477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its position in DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after buying an additional 9,730 shares during the period. Appian Way Asset Management LP acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at $2,978,000. Oppenheimer & Co. Inc. raised its position in DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. KBC Group NV boosted its stake in DuPont de Nemours by 17.6% during the 3rd quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock worth $6,573,000 after purchasing an additional 11,019 shares during the period. Finally, Aljian Capital Management LLC purchased a new position in DuPont de Nemours during the 3rd quarter worth $648,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD opened at $80.84 on Friday. The firm’s fifty day simple moving average is $83.71 and its 200-day simple moving average is $82.12. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock has a market cap of $33.79 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

About DuPont de Nemours

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.